Nykaa Q1 profit triples to ₹80 crore as beauty demand lifts revenue 29%

Nykaa’s Q1 revenue from operations rose 29% year on year to ₹2,782 crore, while EBITDA increased 68% to ₹236 crore. Beauty GMV grew 28%, fashion GMV rose 53%, and the company added more than 130 brands.

— Source publishedTue, 4 Aug, 2026, 19:13 IST·First seen Tue, 4 Aug, 2026, 19:19 IST·Source Mint · Markets

What happened

Nykaa (FSN E-Commerce Ventures Ltd.) · Nykaa reported Q1 net profit of ₹80 crore, up 226% YoY, as beauty demand and fashion sales accelerated. Revenue rose 29%

Key facts

  • Consolidated net profit: ₹80 crore, up 226% YoY
  • Revenue from operations: ₹2,782 crore, up 29% YoY
  • EBITDA: ₹236 crore, up 68% YoY
  • EBITDA margin: 8%, up 200 basis points
  • Beauty revenue: ₹2,516 crore, up 27.4% YoY
  • Beauty GMV: ₹4,105 crore, up 28% YoY
  • Fashion GMV: ₹1,471 crore, up 53% YoY
  • Fashion NSV: ₹451 crore, up 54% YoY
  • More than 130 new brands added

Why this matters

Nykaa’s addition of more than 130 brands and 53% fashion-GMV growth reinforce its appeal as a scaled platform partner for beauty and fashion labels seeking omnichannel reach in India.

What to watch

  • Whether revenue growth remains above 20% after the favorable comparison base rolls forward.
  • Beauty GMV growth versus fashion GMV growth, and evidence that fashion contribution margins are improving.
  • EBITDA margin progression beyond 8%, especially after marketing, delivery and employee costs.
  • Net sales contribution from owned brands, exclusive launches, retail media and marketplace services.
  • Customer acquisition cost, repeat purchase rates, average order value and order-frequency trends.
  • Competitive actions from Amazon, Myntra, Tira, Sephora and quick-commerce platforms in beauty delivery and discounting.
  • Store expansion pace and whether offline growth is accretive rather than dilutive to consolidated margins.
  • Increase premium beauty, dermocosmetic, K-beauty and exclusive-brand launches to defend category leadership and lift average order values.
  • Use stronger profitability to selectively raise marketing and fulfillment investment in fashion, where GMV momentum is high but unit economics remain less mature.
  • Expand retail-media, marketplace seller services and brand partnerships, creating higher-margin revenue streams beyond first-party product sales.
  • Accelerate omnichannel distribution through stores, assisted beauty formats and faster-delivery partnerships in major cities.
  • Prioritize loyalty, personalization and cross-category bundles to convert beauty customers into fashion buyers at lower acquisition cost.